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The Power Muth Distribution∗

    Pedro Jodra Affiliation
    ; Hector Wladimir Gomez Affiliation
    ; Maria Dolores Jimenez-Gamero Affiliation
    ; Maria Virtudes Alba-Fernandez Affiliation

Abstract

Muth introduced a probability distribution with application in reliability theory. We propose a new model from the Muth law. This paper studies its statistical properties, such as the computation of the moments, computer generation of pseudo-random data and the behavior of the failure rate function, among others. The estimation of parameters is carried out by the method of maximum likelihood and a Monte Carlo simulation study assesses the performance of this method. The practical usefulness of the new model is illustrated by means of two real data sets, showing that it may provide a better fit than other probability distributions.

Keyword : Muth distribution, survival analysis, estimation, simulation, data analysis

How to Cite
Jodra, P., Gomez, H. W., Jimenez-Gamero, M. D., & Alba-Fernandez, M. V. (2017). The Power Muth Distribution∗. Mathematical Modelling and Analysis, 22(2), 186-201. https://doi.org/10.3846/13926292.2017.1289481
Published in Issue
Mar 18, 2017
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This work is licensed under a Creative Commons Attribution 4.0 International License.